Abraxas Capital The primary address reportedly reduced its XRP short position by approximately 1892000 tokens
BIBIBI
AT A GLANCE
The channel stated that Abraxas Capital the primary address reduced its position by 1,892,004 tokens XRP in short positions, but the attribution and data have not yet been verified.
Article
🐳 【Abraxas Capital Primary address】XRP Short position take-profit!
💰XRP Short position reduced by 1,892,004.00 tokens, equivalent to 2,168,761.92 USD▫️ Position size: 14,971,966.59 USD▫️ Average entry price: 1.49 USD▫️ Current P&L: +2,246,803.69 USD (+75.03%)
▫️ Current token price: 1.29 USD▫️ Liquidation price: 17.50 USD📌 Address: 0x5b5d51203a0f9079f8aeb098a6523a13F298C060🔥 Note:Abraxas Capital The large short position began to be established on May, and it was previously a whale with the largest contract position size on Hyperliquid.November onward, this address continuously took profits, and its position size previously reached 920000000 USD。 🔥
Key points
01
The original post stated that the XRP short position was reduced by 1,892,004.00 tokens, equivalent to 2,168,761.92 USD。
02
The position size listed in the original post was 14,971,966.59 USD, with an average entry price of 1.49 USD。
03
The post listed current profit/loss as +2,246,803.69 USD (+75.03%).
04
The current token price listed in the original post was 1.29 USD, and the liquidation price was 17.50 USD。
05
The address provided in the original text was 0x5b5d51203a0f9079f8aeb098a6523a13F298C060。
06
The original post stated that this large short position began to be established on May, and that from November onward, the address continuously took profits, with its position size previously reaching 920000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A short position is a position that bets on a price decline. “Reducing a short position” means that the address has reduced part of its short exposure. The post also listed the remaining position size, average entry price, P&L, current token price, and liquidation price.
Why it matters to readers
If the post's data is accurate, it indicates that this address is reducing its XRP short position and realizing partial profits; however, this is only the activity of a single address, and the original post does not provide sufficient information to determine the overall market direction.
Beginners may view this as an unverified position update from a large account and should not judge XRP future price movements based solely on this post.
Risks and unknowns
No independently verifiable on-chain position or trade records were provided.
Whether this address actually belongs to Abraxas Capital cannot be confirmed from the original text alone.
The May and November in the original post do not specify a year.
The specific calculation methods for the P&L ratio and other data were not explained.
The exact time at which the reduction occurred cannot be confirmed from the original post.
Related Developments
Loading event timeline…
Related concepts
Short Position
This term is not in the glossary yet. Browse related concepts in the glossary.
